WHAT IS A PEO?

What is Employee Leasing?

A Professional Employer Organization (Peo) provides Employee Leasing, workers comp payroll service.
A Peo manages these areas for your company
Payroll administration
Workers' Compensation Insurance coverage for employees through the leasing company
Filings for FICA and Medicare taxes, Federal Unemployment taxes, State Unemployment Taxes and Workers' Compensation.
This enables your company to focus valuable time and man-power on profit-producing tasks.

Is this Workers' Compensation Insurance?

We provide Workers' Compensation to the employees of the leasing company. When you enroll in the program, your employees will be covered by the leasing company’s Workers' Compensation program.

Why should I consider Employee Leasing?

It will save you valuable resources – money and time. Any normal Business, whether operating internally or outsourcing, must pay payroll taxes, file State and Federal tax reports, and handle claims for Worker’s Compensation insurance. With Employee Leasing, you are relieved of all of these functions; the PEO assumes all of these responsibilities.
Additionally, Peo’s are usually offered a lower State Unemployment Tax Rate than your company receives.
Also, investigating and challenging questionable Workers' Compensation claims becomes the responsibility of the PEO. These claims are no longer your problem.

What if I already use a PEO or Employee Leasing Company?

All the better! You are already familiar with the concept of Employee Leasing, so you understand the benefits. Most of the time, we can offer a savings over any competitor. Within our specialization – the construction industry and the “high-WC rate” arena – very few Employee Leasing Companies are affordable, nor do many provide the level of service that we provide.

What if I already have a payroll service?

You will usually save money replacing your current service with ours. Plus, we also handle your payroll taxes. According to our leasing arrangement, filling and paying for those taxes are our responsibility, saving your precious time each quarter. Also, in most states, our State Unemployment Tax Rate is lower than yours.

What if I change my mind at the last minute?

That’s OK. There is no long term contract with us and our service. You may terminate your relationship with LowRateWorkComp

How does this compare to the State Funds?

State Funds ae different with each state. The “competitive” State Funds also vary from year to year in pricing and underwriting approach. We specialize in certain types of business, so there are fewer changes in our target markets and underwriting approach.

Having any trouble? Contact us!

What is a PEO | What is a Professional Employer Organization

An Employee Leasing Company or Professional Employer Organization (PEO) is a co-employment firm that provides a service under which an employer can outsource employee administrative tasks, such as all payroll, payroll tax liability, unemployment, employee benefits, workers’ compensation, risk/safety management, and healthcare. A PEO bundles all of these services together in one invoice at a lower cost than your business can obtain on its own and makes the PEO responsible forunemployment and workers comp claims.